Bidstack Share Discussion Threads

[clannus125] 28/3/2024 15:17

bumpkin just copy and paste it into your browser, this site doesn't allow live/direct links

[echo beach] 28/3/2024 14:14

hTTps://form.jotform.com/240862361596059

[bumkin] 28/3/2024 13:17

Clannus125

I am unable to open that link?

[ny boy] 28/3/2024 02:58

Fools easily parted eith their cash. Plenty of other are likely to go into administration this year, unless they produce a miracle 🤦🏻‍♀️🤡 Likely suspects MIN, STX, TRP, VAST etc just far too many no hopers, they. Might kick the can down the road by producing the begging bowl but in the end..0p

[fhasson] 27/3/2024 16:50

What's was the story with rns when went into administration saying 0.5 pence per share to be paid? Foolishly I assumed we were to get this ie get something back - of course that's before further shenanigans took over

[cambridge130] 27/3/2024 16:10

Bidstack will fail and Draper will be left with nothing. There's no money in it.

[tygwyg] 27/3/2024 15:18

Meanwhile... BIDS dropped from Mad Skills MX3

[clannus125] 27/3/2024 13:18

From bladesharp on LSE:

If you were a Bidstack shareholder at the time of Administration please fill out this form in preparation for potential legal action. NOTE: you must have been a holder at time of administration. We are discussing with lawyers. The more shareholders we can include in any potential legal action, the more financially viable the case becomes and hence it would be easier to raise litigation funding. Your data will be kept encrypted and not shared with any third party at this time. We will contact you if we get to the point of needing to share with lawyers. For full transparency, this form was set up by Hugh Acland and only he will have access to your data at this point.

hxxps://form.jotform.com/240862361596059

[fhasson] 27/3/2024 08:10

A little bit of hope - this should get traction if we all add our names to it

[a5wab] 27/3/2024 07:57

Out-of-pocket Bidstack investors vow to take action after execs buy Aim-listed firm out of administrationCharlie Conchie27th March 2024, 6:00 AM Angry investors in Aim-listed Bidstack are preparing regulatory complaints and plotting legal action after the company's top brass bought the firm out of administration last week. Bidstack, which sells in-game advertising to video game companies, announced last Friday that it was going into administration. Shortly after, chief executive James Draper, who previously owned around three per cent of the company, announced in a LinkedIn post that executives had purchased the firm as part of a pre-pack administration deal. "The acquisition is a pivotal moment for the next phase of growth for the business. Our technology is at the forefront of sports technology and I couldn't be more excited," Draper said. "I am proud that we are able to reward our ambitious and industry pioneering team and have them as shareholders alongside myself." Bidstack said in a notice to the stock market earlier this month that as many as 200 companies had been prospected by Alvarez & Marsal as part of efforts to save the firm. However, the failure to find an investor and move to place the company into administration has left shareholders millions of pounds out-of-pocket and prompted threats of legal action from investors.Graham Auger, a retail investor in Bidstack, said he invested in the company in early 2020 after the firm floated. "It just sounded really exciting," Auger told City A.M. "There was a massive buzz around the whole thing." But he said it started to become clear the company was "over promising and under delivering" and he felt that investors were increasingly being left in the dark about the company's plans.When asked how much he has lost, he replied: "It is tens of thousands of pounds... possibly upwards of £60,000 or £70,000."Auger, 49, who lives in Basildon, said the lack of transparency around the administration deal raises many questions. "What's happened to all that money? What's happened to that investment?" he said. "Who are these 200 plus investors that they approached to invest or buy assets in the company?" he added. Jason Addison, another retail investor, told City A.M. he was furious after reading Draper's statement confirming he and the other executives had acquired the firm. "Not even a mention of any previous shareholder [or] thank yous for all the support that we've given and the money that we've provided. Nothing. Just completely thrown under the bus as though we never existed," said Addison, 54, who lives in the East Midlands."Not even a mention of any previous shareholder [or] thank yous for all the support that we've given and the money that we've provided. Nothing. Just completely thrown under the bus as though we never existed."Jason Addison, a retail investorNick Hargrave, another investor in Bidstack, who last year coordinated an effort to oust two board members, told City A.M. it was "difficult to believe" there was no interest from over 200 buyers when "the management are expressing their pride in the acquisition stating the company's 'enormous potential'". "The directors have refused to provide updates to investors on positive business progress, actively block shareholders on social media and delete comments that they don't like," Hargrave alleged."They have not attempted to fulfil their fiduciary duty to promote the success of the company as a public entity, but have been organised and ruthless in trying to maintain the company's reputation now that they own it," he claimed.Hargrave said he was now working with other investors on filing regulatory complaints as well as consulting about taking legal action against the firm. Efforts to take legal action are at an early stage, he explained.Investors also fired a series of questions to Draper and chief strategy officer Lisa Hau yesterday over the rate of cash burn at the company after the firm received a EUR 3m settlement from a legal dispute with Azeroin in December.The two firms had been locked in a dispute since January last year over what Bidstack said were unpaid sums."What happened to that court money from Azeroin, that three million? Where did that go?" Addison said. Hugh Acland, 47, from Chichester, who invested around £130,000 in the company, said he had regarded the EUR 3m settlement as "good news", which would have enabled the firm to get "into the second half of the financial year without bringing in extra money". "I was actually flabbergasted when they said a few weeks later that they're running out of money," he told City A.M.Bidstack and Alvarez & Marsal were contacted for comment.Write to Ben Lucas at [e-mail] and Charlie Conchie at [e-mail]

[a5wab] 27/3/2024 07:54

There's a piece on Bids on CityAM

[cambridge130] 26/3/2024 11:24

Search on Companies House :



Google Street View ?

It's a public register so no confidential info - just suggesting a place to start.

[danmart2] 25/3/2024 00:12

Drapers contact info?

[iceagefarmer] 24/3/2024 19:10

you win some you lose some....get over it and move on..i have

[bibdaddy] 24/3/2024 16:01

I really hope Draper has ripped off the wrongperson and gets his just deserts!

[hazl] 24/3/2024 15:30

If you have only experience of two AIM stocks then that is what I mean.
I do agree, though, that it is a difficult area and sadly seems better to trade rather than keep in many cases.

[cambridge130] 24/3/2024 14:25

I've been investing for years and got out of Bidstack over 3 years ago. I've only ever owned 1 other AIM stock - that has multibagged. The rest of my money is in US stocks and UK properties.

Hazl - you talk absolute rubbish like Aiden.

[hazl] 24/3/2024 14:21

Well clearly cambridge has no insight or hasn't been doing it long enough to see it.

I gnerally point to SXX for an ugly truth to see what happens, if people want to .

[iceagefarmer] 24/3/2024 13:45

the fact is they dont want us plebs making money..thats why spread bet companies are stopping betting on the good small cap stocks

[cambridge130] 24/3/2024 12:48

I've never shorted and never will, but shorting is part of the market and keeps rampers in check and is part of price discovery. The CEOs are to blame and the lack of proper rules and oversight which allows them to get away with it.

Having proper rules and oversight won't get rid of all risk - that would be silly to suggest otherwise particularly so for small companies but things are so terrible it's an invite to shysters like those idiots at Bidstack to take advantage.

[hazl] 24/3/2024 12:04

Being able to short small companies is what is wrong

[iceagefarmer] 24/3/2024 11:56

you can still get 100 baggers though

[cambridge130] 24/3/2024 11:54

Bidstack is a complete fraud as is most of AIM. The lack of proper rules on AIM is the root of it all ultimately. It should be closed down in its current form.